The Elements of Investing

The Elements of Investing

by Burton G. Malkiel, Charles D. Ellis

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Overview

A timeless, easy-to-read guide on life-long investment principles that can help any investor succeed

The Elements of Investing has a single-minded goal: to teach the principles of investing in the same pared-to-bone manner that Professor William Strunk Jr. once taught composition to students at Harvard, using his classic little book, The Elements of Style. With great daring, Ellis and Malkiel imagined their own Little Red Schoolhouse course in investing for every investor around the world-and then penned this book.

The Elements of Investing hacks away at all the overtrading and over thinking so predominant in the hyperactive thought patterns of the average investor. Malkiel and Ellis offer investors a set of simple but powerful thoughts on how to challenge Mr. Market at his own game, and win by not losing. All the need-to-know rules and investment principles can be found here.

  • Contains sound investment advice and simple principles of investing from two of the most respected individuals in the investment world
  • Burton G. Malkiel is the bestselling author of A Random Walk Down Wall Street and Charles D. Ellis is the bestselling author of Winning the Loser's Game
  • Shows how to deal with an investor's own worst enemies: fear and greed

A disciplined approach to investing, complemented by conviction, is all you need to succeed. This timely guide will help you develop these skills and make the most of your time in today's market.

Product Details

ISBN-13: 9780470585504
Publisher: Wiley
Publication date: 12/04/2009
Sold by: Barnes & Noble
Format: NOOK Book
Pages: 176
Sales rank: 1,138,987
File size: 577 KB

About the Author

Burton G. Malkiel is the Chemical Bank Chairman's Professor of Economics at Princeton University and the author of the bestselling A Random Walk Down Wall Street. Malkiel has served on the President's Council of Economic Advisers, as Dean of the Yale School of Management, as Chair of Princeton's Economics Department, and as a director of major corporations.

Charles D. Ellis is a consultant to large public and private institutional investors. He was for three decades managing partner of Greenwich Associates, the international business strategy consulting firm. He serves as Chair of Whitehead Institute and as a director of Vanguard and the Robert Wood Johnson Foundation. He has taught investing at both Harvard and Yale and is the author of 15 books, including the bestselling Winning the Loser's Game.

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Table of Contents

Foreword.

Introduction.

It All Starts with Saving.

I. Save.

First Do No Harm.

Start Saving Early: Time Is Money.

The Amazing Rule of 72.

Savvy Savings.

Small Savings Tips.

Big Ways to Save.

Let the Government Help You Save.

Own Your Home.

How Do I Catch Up?

II. Index.

Nobody Knows More Than the Market.

The Index Fund Solution.

Don't Some Beat the Market?

Index Bonds.

Index Internationally.

Index Funds Have Big Advantages.

One Warning.

Confession.

III. Diversify.

Diversify Across Asset Classes.

Diversify Across Markets.

Diversify Over Time.

Rebalance.

IV. Avoid Blunders.

Overconfidence.

Beware of Mr. Market.

The Penalty of Timing.

More Mistakes.

Minimize Costs.

V. Keep It Simple.

Review of Basic Rules.

Asset Allocation.

Asset Allocation Ranges.

Investing in Retirement.

KISS Investing

A Super Simple Summary.

Appendix: Save on Taxes Legally.

Individual Retirement Accounts (IRAs).

Roth IRAs.

Pension Plans.

Tax-Advantaged Saving for Education.

Recommended Reading.

Acknowledgments.

About the Authors.

Index.

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Elements of Investing 3.6 out of 5 based on 0 ratings. 26 reviews.
BolivarJ More than 1 year ago
Winning the Loser's Game and A Random Walk Down Wall Street authors team up to write The Elements of Investing. Malkiel and Ellis have written a book less complex than their previous works; however, the result is a simplified form of investment principles such as: Asset Allocation, Market Timing, and Security Selection. For a book that is only 176 pages long, the authors do a good job emphazising their points in five different categories:> Save,> Index, >Diversify, >Avoid Blunders,> Keep It Simple. The authors don't go into much detail to try to explain each category, but touch in basic finance fundamentals, such as: saving and the power of compounding, taxes, and saving longetivity. The second part, emphasizes their strong opinion about index funds for each asset allocation. Part three focus on diversifying across securities, asset classes, markets, and time horizons. Part four warns investors about common investments mistakes. Having been published in 2010, the book is very accurate, and both authors are up to date with their research, and as you read the last part of the book,-Keep it simple- all the pieces fit together. The book has a couple of very nice surprises, I found the Rebalance and Rules of Investing sections simply outstanding. The Elements Of Investing by Malkiel and Ellis shows nothing that hasn't been published before, Having said that, don't expect a deep research or study of the market, investment vehicles or asset allocation.
phoenixcomet on LibraryThing More than 1 year ago
Simple, fast read covering the sheer basics of investing in the stock market. In short, buy index funds. Skip purchasing of individual funds and invest early in your retirement. A good beginner's book to investing.
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GeneNJ More than 1 year ago
Best, Plain language, Understandable, of any investing book I have ever read. Gave copies to my sons.
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